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Injury Funds Now

Types of Cases

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Editor: Lauren Lipcon
Profession: IFN Program Director

February 27, 2006

By Lauren Lipcon

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Asbestos Case Funding

Category: Types of Cases

Recently we have been receiving an abundance of requests for lawsuit funding on asbestos cases. While Injury Funds Now does not fund asbestos cases, other companies may, but they are playing a risky game here. Just because a Plaintiff may have won their case, does not necessarily mean they will ever see a penny. There's collectibility to look at.

Basically what's happened is that there is not enough money to pay out on all the asbestos cases, which is why clients are still waiting for their recoveries. The funds is running out of money, and cases will be paid out prorata(meaning payments to Plaintiff's will be made on a proportional basis out of what is left). So depending on how much is left to pay out, everyone's recoveries will be reduced on a percentage.

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